The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Northern Ireland; Northern Ireland; Armagh City, Banbridge and Craigavon
Location of affected unit(s)
Banbridge
Sector
Manufacturing (13 - 15) Manufacture of textiles, apparel and leather 15 - Manufacture of leather and related products of other materials 15 - Manufacture of leather and related products of other materials
140 jobs Number of planned job losses
Announcement Date
23 October 2002
Employment effect (start)
Foreseen end date
1 October 2002
Description
Fii close the footwear factory in Banbridge because "it was no longer possible to produce competitively compared to overseas manufacturers". The plant was part of Banbridge for 50 years.
Citation
Eurofound (2002), Fii, Internal restructuring in United Kingdom, factsheet number 59503, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59503.